Brighton Jones LLC Acquires 1,482 Shares of Marriott International, Inc. (NASDAQ:MAR)

Brighton Jones LLC lifted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 16.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,369 shares of the company's stock after buying an additional 1,482 shares during the period. Brighton Jones LLC's holdings in Marriott International were worth $2,470,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Hopwood Financial Services Inc. bought a new position in shares of Marriott International in the 4th quarter valued at $25,000. Bernard Wealth Management Corp. bought a new position in Marriott International in the fourth quarter valued at about $25,000. Bell Investment Advisors Inc grew its holdings in shares of Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 55 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Marriott International in the fourth quarter valued at approximately $34,000. Finally, Sound Income Strategies LLC boosted its position in Marriott International by 46.7% during the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock worth $37,000 after buying an additional 50 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marriott International

In other news, EVP Benjamin T. Breland sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $270.21, for a total transaction of $270,210.00. Following the completion of the sale, the executive vice president now owns 20,724 shares in the company, valued at $5,599,832.04. This trade represents a 4.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Anthony Capuano sold 12,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $263.90, for a total value of $3,166,800.00. Following the completion of the transaction, the chief executive officer now owns 124,067 shares in the company, valued at approximately $32,741,281.30. The trade was a 8.82% decrease in their position. The disclosure for this sale can be found here. Company insiders own 10.68% of the company's stock.

Marriott International Stock Down 3.1%

Shares of Marriott International stock opened at $254.99 on Monday. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The business has a 50 day moving average price of $249.62 and a 200-day moving average price of $264.56. The company has a market cap of $69.84 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.07. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. The business had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.19 billion. During the same period last year, the business earned $2.13 EPS. The business's revenue was up 4.8% on a year-over-year basis. As a group, research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, May 23rd. This is an increase from Marriott International's previous quarterly dividend of $0.63. Marriott International's payout ratio is presently 30.52%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MAR shares. Melius Research raised shares of Marriott International to a "strong-buy" rating in a research note on Monday, April 21st. BMO Capital Markets raised their price objective on Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a research report on Wednesday, May 7th. Truist Financial decreased their target price on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a research report on Friday, May 30th. Wells Fargo & Company decreased their price objective on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and upped their price target for the company from $226.00 to $303.00 in a research report on Monday, May 12th. Thirteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $275.15.

About Marriott International

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.

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